Lee urges South Korea to heed Europe's protests and prioritize sustainable growth

At a Cabinet gathering in Seoul, President Lee Jae Myung cautioned that the unrest sweeping Europe—particularly in France, Spain and Italy—offers a warning for South Korea. He explained that experts link the protests to soaring energy and living expenses, a stagnant economy and deepening inequality, with low growth as the core driver. Lee argued that prolonged weak growth worsens youth unemployment, polarises the economy and weakens public finances, undermining social cohesion.

Although South Korea has posted "impressive" economic indicators, the president acknowledged persistent challenges in livelihoods, income disparity and job prospects for younger generations. He directed officials to mobilise policies that invest in emerging sectors, boost domestic consumption and improve living standards, aiming to expand the economy and stabilise state finances for sustainable growth.